AFFORDABILITY IS STAPYLTON’S SUCCESS
The suburb’s popularity for owner-occupiers is on the rise and it all comes down to value and bang for your buck
STAPYLTON’S affordability compared to the central Gold Coast is driving strong demand from owner-occupiers and investors, according to Gold Coast agents.
Recent sales have included 18 Maiella St, which was bought for $775,000 by Richardson Air Pty Ltd and Hounsell Air Pty Ltd, linked to Grant Richardson and Peter Hounsell respectively.
The sellers were Lesley and Gary Barnsley and the buyer intends to occupy three of the four tenancies with the remaining unit occupied by tenant TR Engineering. The property contains a 600sq m building on a 1500sq m block and returns net annual income of $58,500.
Another deal included 24 Christensen Rd, which was sold for $1.48 million to a company linked to Custom Line Interiors director George Bosh by DW Barnes Enterprises Pty Ltd, associated with Benowa’s David Barnes.
The property contains a 825sq m building on a 1715sq m block of land.
Customline Interiors is a joinery manufacturer servicing commercial builders in southeast Queensland.
Both transactions were negotiated by Luke Smith and Dave Kertesz, of Cushman & Wakefield.They are the third and fourth properties the pair have negotiated deals for on the same street (24 Christensen Rd fronts Maiella) in the past 18 months.
Last year they marketed multi-tenanted properties at 10 and 12 Maiella St, which sold for $1.675 million and $2.075 million to Brisbane investors.